Xponance Inc. Buys 472 Shares of Ally Financial Inc. (NYSE:ALLY)

Xponance Inc. raised its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,366 shares of the financial services provider’s stock after acquiring an additional 472 shares during the quarter. Xponance Inc.’s holdings in Ally Financial were worth $1,165,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Trust Co. of Toledo NA OH raised its holdings in Ally Financial by 1.8% during the fourth quarter. Trust Co. of Toledo NA OH now owns 17,335 shares of the financial services provider’s stock valued at $605,000 after acquiring an additional 308 shares during the period. Spire Wealth Management raised its holdings in Ally Financial by 11.4% during the third quarter. Spire Wealth Management now owns 4,146 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 425 shares during the period. Quantbot Technologies LP raised its holdings in Ally Financial by 0.5% during the third quarter. Quantbot Technologies LP now owns 108,306 shares of the financial services provider’s stock valued at $2,890,000 after acquiring an additional 518 shares during the period. Cerity Partners LLC raised its holdings in Ally Financial by 5.8% during the fourth quarter. Cerity Partners LLC now owns 10,035 shares of the financial services provider’s stock valued at $350,000 after acquiring an additional 553 shares during the period. Finally, Dakota Wealth Management raised its holdings in Ally Financial by 1.4% during the third quarter. Dakota Wealth Management now owns 41,367 shares of the financial services provider’s stock valued at $1,104,000 after acquiring an additional 558 shares during the period. 88.76% of the stock is owned by institutional investors.

Ally Financial Price Performance

NYSE:ALLY opened at $39.76 on Thursday. Ally Financial Inc. has a one year low of $22.54 and a one year high of $41.56. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 0.58 and a beta of 1.40. The firm’s fifty day moving average is $37.92 and its two-hundred day moving average is $33.28.

Ally Financial (NYSE:ALLY) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.12. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the company posted $0.82 EPS. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. Research analysts expect that Ally Financial Inc. will post 2.95 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Tuesday, April 30th. Ally Financial’s payout ratio is currently 48.98%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Bank of America raised shares of Ally Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $42.00 to $46.00 in a research note on Tuesday, April 9th. Wells Fargo & Company boosted their price objective on shares of Ally Financial from $29.00 to $33.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 10th. Morgan Stanley raised Ally Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $37.00 to $47.00 in a research report on Thursday, February 8th. Barclays upped their price target on Ally Financial from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Ally Financial in a research report on Wednesday, January 10th. They set a “buy” rating and a $47.00 price target on the stock. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $38.47.

Ally Financial Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.